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Summary
November 19, 2004 - Product lifecycle management (PLM) processes and technology
are key elements in the conversion of innovation, one of the phases of innovation
performance management (IPM). However, Ventana Research believes improving ROI
from PLM requires paying attention to the processes and technology that support
pre- and post-PLM activities.
In the automotive and aerospace industries for example, PLM technology is already in-of-itself a key driver - not only of business performance but also of business possibility and even viability. Design and production of the forthcoming Boeing 7E7 and Airbus 380 commercial airplanes would simply not be possible without the use of sophisticated PLM technology. But, PLM technology is a significant investment in terms of its acquisition and implementation costs as well as organizational culture and business process change.
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